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  • [ August 13, 2026 ] Banks flagged nearly $5 billion in suspected human trafficking, agency finds in BSA data Other
  • [ August 13, 2026 ] Former banker, alleged part of check-fraud ring, prohibited after nearly $400k in losses to bank The Fed
  • [ August 10, 2026 ] ‘De novo’ banks would receive quicker deposit insurance approval under new, two-phase process FDIC
  • [ August 7, 2026 ] Senate confirms Crews to NCUA Board seat NCUA
  • [ August 7, 2026 ] NCUA liquidates 15-month-old federal credit union NCUA
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20june16

Federal financial regulation

96.5% of first-lien mortgages at 7 big banks were current in Q1; foreclosures down 10.9% from previous quarter

June 16, 2020 0

Mortgage data collected from seven national banks with large mortgage-servicing portfolios shows that 96.5% of first-lien residential mortgage loans serviced there remained current in the first quarter, up slightly from a year earlier (96.2%). These […]

NCUA

Credit union regulator offers farewell to White House official who got him his job

June 16, 2020 0

The departure of a top White House advisor on financial issues – and who oversaw the Trump administration’s nomination process for top financial regulators now in office – spurred a comment from the chairman of […]

COVID-19 actions

Registration opens for lenders under Main Street Lending Program

June 16, 2020 0

Registration for lenders to participate in the Federal Reserve’s Main Street Lending Program is now open, according a web page on the Boston Federal Reserve Bank’s website. Once they have registered, lenders become “eligible” to […]

COVID-19 actions

Fed wants to expand Main Street lending facility to include nonprofits

June 16, 2020 0

Access to credit for nonprofit organizations through loans to small and medium-sized groups that were in sound financial condition before the coronavirus pandemic is the hoped-for result of an expanded lending facility by the Federal […]

FDIC

More than half of banks saw earnings drop in first quarter ’20, although $18.5 billion net income still recorded

June 16, 2020 0

Banks were still profitable in the first quarter of the year but much less so compared to the same period a year before, as net income dropped by $42.2 billion or 69.6%, the federal insurer […]

Today

  • OCC updates advisory series on bank accounting

    August 14, 2026 0
    Its annual update to the Bank Accounting Advisory Series (BAAS), with answers to frequently asked questions (FAQs) and updates on accounting industry standards, was released Friday by the Office of the Comptroller of the Currency (OCC). The OCC, in Bulletin [...]
  • Banks flagged nearly $5 billion in suspected human trafficking, agency finds in BSA data

    August 13, 2026 0
    “Consistent indicators,” including excessive cash activity conducted along the southwest border of the United States, among other things, are detailed in a report on suspected human smuggling issued Thursday by the Treasury’s financial crimes enforcement arm. According to the Financial [...]
  • Former banker, alleged part of check-fraud ring, prohibited after nearly $400k in losses to bank

    August 13, 2026 0
    Losses of nearly $400,000 caused by a check-fraud ring to Regions Bank in Memphis, Tenn., have earned a former bank worker a prohibition by the Federal Reserve, the agency said Thursday. In a release, the Fed said Elazia Jones, a [...]
  • ‘De novo’ banks would receive quicker deposit insurance approval under new, two-phase process

    August 10, 2026 0
    Faster approvals of federal deposit insurance for new banks is one of the intentions behind a revised process announced Monday by the federal bank deposit insurance agency. In a release, the Federal Deposit Insurance Corporation (FDIC) said a new, two-phase [...]
  • Senate confirms Crews to NCUA Board seat

    August 7, 2026 0
    The Senate on Friday confirmed John Crews to a seat on the National Credit Union Administration (NCUA) Board for a term that will continue through August. 2, 2031. Crews has served as Treasury’s deputy assistant secretary for financial institutions policy. [...]
  • NCUA liquidates 15-month-old federal credit union

    August 7, 2026 0
    The second federal credit union chartered in 2025 was involuntarily liquidated Thursday by the National Credit Union Administration (NCUA). The agency said it was liquidating African Diaspora Federal Credit Union of Saint Ann, Mo., after finding it was “insolvent and [...]

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